Happy 529 Day!

CONCORD - Gov. Chris Sununu today declared May 29 as 529 UNIQUE College Investing Day in New Hampshire.

"For the past 20 years, the 529 UNIQUE College Investing Plan has helped families save for college by letting those investments grow free from state and federal taxes," Sununu said. "In partnership with Fidelity Investments, New Hampshire’s UNIQUE College Investing Plan has grown to one of the largest 529 plans in the country with more than $18 billion invested."

529 plans allow families to defer taxation on funds invested for educational expenses, and then withdraw those funds free from federal income tax or New Hampshire's interest and dividends tax. The plan is open to New Hampshire residents and non-residents. Earlier this month, Sununu and the New Hampshire Executive Council recognized Fidelity Investments for its two decades of exceptional management of New Hampshire’s 529 UNIQUE College Investing Plan.

"New Hampshire has one of the most highly-educated workforces in the country, and the 529 plan is an innovate way to make education more affordable," added Education Commissioner Frank Edelblut.

For more information, visit the 529 College Savings Program.